Following a settlement reached with US states earlier this month, AlixPartners has set up a website to process victim claims. [Continue reading…]

While BitConnect promoter Michael Noble settled the SEC’s fraud allegations against him in 2021, disgorgement, interest and civil penalty amounts remain disputed.

Seeking to finalize these amounts, the SEC filed a motion seeking monetary relief against Noble on September 16th. [Continue reading…]

Francisco Story has settled SAEG Ponzi charges with the CFTC for $125,000.

The CFTC filed suit against Story in January 2023 over his participation in the collapsed SAEG Ponzi scheme. [Continue reading…]

Following certificates of default entered against Craig Grant and Trevon James in late August, the SEC has filed proposed orders against the BitConnect Ponzi promoters. [Continue reading…]

Jessica Ponkey’s proposed LuLaRoe class-action has been dismissed for a second time, this time with prejudice. [Continue reading…]

Michael Shannon Sims, aka Mike Sims, has settled SAEG Ponzi charges with the CFTC for $250,000. [Continue reading…]

TOST fails to provide ownership or executive information on its website.

TOST operates from five known website domains:

1. tostq.com – privately registered on December 23rd, 2023 (primary website)
2. tostadon.com – first registered in 2020, private registration last updated on June 21st, 2024 (app funnel)
3. ntost.com – first registered in 2004, private registration last updated on June 21st, 2024 (app funnel)
4. ctostapp.xyz – registered with bogus details on August 20th, 2024 (app funnel)
5. ctost.com – registered with bogus details on June 16th, 2024 (app funnel)

There are likely other TOST website domains we’re not aware of.

Despite existing for less than a year, on its website TOST provides a bogus roadmap dating back to 2018:

If we click on the support section of one of TOST’s websites, we learn it runs on the Meiqia platform.

Meiqia is a Chinese software company based out of Beijing. This suggests whoever is running TOST has ties to China.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money. [Continue reading…]

Opix Technology fails to provide verifiable ownership or executive information on its website.

Opix Technology’s website domain (“opixtech.com”), was first registered in 2017. The private registration was last updated on June 17th, 2023.

Through the WayBack Machine, we can see Opix Technology’s website went live in late 2022.

Opex Technology represents it is run through Opix Technology Limited, purportedly a Seychelles shell company.

Opix Technology Limited is registered in the Republic of Seychelles (Registration number: 193365)

Seychelles is a tax haven with little to no active MLM regulation. Opix Technology representing it has a shell company in Seychelles is an immediate red flag.

Supposedly heading up Opix Technology we have “Joseph Culter”.

Culter, as represented on Opix Technology’s website and in its marketing material, doesn’t exist. This makes Culter a prime Boris CEO candidate.

Over on Opix Technology’s official YouTube channel, we find the actor playing Culter has an eastern-European accent.

Culter doesn’t feature in many Opix Technology videos. Instead they are fronted by “James Rossi” and “Raymond Wong”.

Rossi appears to be a North American actor who has appeared in campaigns from Chinese (Hong Kong) and Taiwanese companies. I couldn’t find anything definitive so I’ll leave it there.

If I’m not mistaken, the actor playing Raymond Wong has a Malaysian accent.

This ties in to Opix Technology’s official FaceBook page being managed from Malaysia:

Whereas Boris CEO schemes are typically run by Russians, it’s clear Opix Technology has ties to Malaysia.

This presents three scenarios;

1. Russian scammers operating out of Malaysia
2. Russian scammers working with Malaysian scammers out of Malaysia; or
3. Malaysian scammers operating out of Malaysia

Oh and as per the Raymond Wong screenshot above, any MLM company representing ties or any association with Dubai raises an immediate insurmountable red flag.

Due to the proliferation of scams and failure to enforce securities fraud regulation, BehindMLM ranks Dubai as the MLM crime capital of the world.

BehindMLM’s guidelines for Dubai are:

1. If someone lives in Dubai and approaches you about an MLM opportunity, they’re trying to scam you.
2. If an MLM company is based out of or represents it has ties to Dubai, it’s a scam.

If you want to know specifically how this applies to Opix Technology, read on for a full review. [Continue reading…]

Following a Bloomberg report on early Tuesday, September 17th that a bankruptcy filing was pending, Tupperware filed for Chapter 11 bankruptcy later the same day. [Continue reading…]

Charles Joseph Garis Jr. has settled Blueprint to Wealth fraud charges with the FTC.

As part of his filed September 13th settlement, Garis Jr. consented to a $567,313 monetary judgment.

Based on sworn financial statements provided to the FTC by Garis Jr., the parties have agreed to a reduced $100,000 suspended judgment. [Continue reading…]